Describe the role government should play in correcting for market failures
Make sure to apply Saint Leo’s Core Values to your analysis, remembering that responsible stewardship calls on us to be ‘resourceful’. You should cite specific examples and applications, and take a clear stand on whether you believe the actions of government work towards resolving market failures or not.
The government has a vital role to play in obtaining a resourceful market for the growth of the economy. Therefore if there is a problem of allocating resources for maximum utilization, then such an economy is facing market failures………………………..